Entity Name
Exact legal name as recorded with the state, including punctuation and suffixes; mismatches can delay transactions and require corrected filings.
A Business Standings Report provides third-party proof the entity exists and is authorized to transact, simplifying bank onboarding, licensing, financing, and M&A checks. It reduces friction by replacing ad hoc confirmations with a state-issued record used to verify compliance and ownership structure for administrative and legal processes.
Typical requestors include financial institutions, contracting counterparties, regulators, and internal corporate teams needing evidence of an entity's lawful status.
The report serves both external verification needs and internal compliance checks; responsibility for ordering usually rests with the entity or an authorized agent.
Exact legal name as recorded with the state, including punctuation and suffixes; mismatches can delay transactions and require corrected filings.
Official formation or registration date reported by the state; this determines seniority and affects corporate history in due diligence reviews.
Active, good standing, revoked, or forfeited status as shown by the state; many counterparties require 'active' status for acceptance.
State of formation and any foreign qualification jurisdictions listed so reviewers understand which laws govern corporate existence.
Statement that required annual reports, franchise taxes, or fees are current or notes outstanding delinquencies affecting compliance.
Name, seal, or authentication code from the issuing secretary of state plus issuance date and any verification number.
| Field | Configuration |
|---|---|
| Legal Name | Exact match required |
| Formation State | Select state of record |
| Delivery Format | Certified PDF or portal link |
| Authentication | Include any verification code |
Online ordering and e-delivery typically use PDF, secure links, and authentication compatible with common enterprise systems.
Confirm recipient format and authentication expectations when placing the order to ensure the issued report is accepted by banks, regulators, or counterparties.
Request when counterparties require up-to-date status.
State processing varies; expect variable turnaround.
Some states offer faster, fee-based processing.
Recipients may require reports issued within specific days.
Major entity changes may require obtaining a new report.
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|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial, no card | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |